Does Closing A Bank Account Affect Credit Score

Closing a bank account could affect your credit score

Closing a bank account usually doesn't affect your credit score. But if you close an account with overdraft fees, it might. The bank could report your overdraft debt to a collection agency. The collection agency would report the debt to your credit, hurting your credit score.

Banks also have a "hidden" credit report called Chex that they report debt to. Once the debt is on your Chex report, no bank in the United States will work with you until it's paid back.

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